How Scammers Takeover Accounts | Account Takeover Fraud & Identity Theft
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Account Takeovers & Identity Theft | How Do Account Takeovers Happen and How To Defend Against It
If you have NEVER been a victim of identity theft or an account takeover, YOU NEED TO WATCH THIS so you do not get caught slipping by one of these scammers. If you found value in the information, please like the video and subscribe to the channel. I'm back focused on putting out fraud and scam content and I need YOUR support to get this message out to everyone on YouTube!
In this video we go over account takeovers which is one the major forms of identity theft that impacts millions on an annual basis. Account takeover fraud (ATO) happens when a cyber criminal gains access to the victim’s login credentials and proceed to steal, switch around information to carry out larger schemes or attempt to mimic the individual in an attempt to steal from others.
Many major companies have leaks and data breaches that expose millions of people's personal data on a daily basis. The Identity Theft Research Center recently reported the number of data breaches so far this year has already surpassed the total number in 2020 by 17%. And this could be a record-breaking year for data compromises.
When hackers get this information they proceed to sell it on shady forums and mainly the dark web and once sold, that's where credential stuffing comes in.
Credential stuffing put simply is when scammers use bots to test online credentials at a massive scale in an attempt to take advantage of the fact that people usually use the same username and password information for multiple websites.
In this video I’m going to talk about the most common account takeovers & identity theft techniques I'm aware of are:
Bank account takeovers
Cell Phone takeovers
Email account takeovers
